define average income,IMR,literacy rate,net attendence ratio.
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Solution
Average income also known as per capita income is the standard income of the people in a country. It is computed by taking the total income like GDP of the country and dividing by its total population.
Infant Mortality Rate (or IMR) specifies the number of children that die before one year of age as a ratio of 1000 children who are alive, born in that particular year.
Literacy Rate determines the ratio of educated population from the age of 7 and above.
Net Attendance Ratio is the number of school attending children of age group 6-10 as a percentage of total number of children in the same age group.